6432 General Green WayAlexandria, VA 22312

Property Details for 6432 General Green Way

Year built

1989

Construction

STEEL FRAME

Lot size

12.13 AC

Property size (Sq ft)

153,861 SF

Zone code

I-4(INDUST MEDIUM INTENSI

Property type

Office properties

Property subtype

Office buildings

APN

081-1-01-0008-B

APU

0811010008B

Description

This unique 51,124 gross square foot vacant office building in Alexandria, VA, presents a remarkable investment opportunity. Previously used as a government office, this property sits on a generous 12.13-acre lot and offers exceptional flexibility for a wide range of commercial uses. The building's layout allows for leasing options to suit various needs. The entire building is available, or you can lease either the first floor (25,522 net square feet) or the second floor (25,602 net square feet) independently. Its adaptable design lends itself to creative uses such as a daycare center, banquet facility, lodge, bed and breakfast, wellness spa, health club, gym, hotel, professional conference space, or even a theater. The property's potential is only limited by the imagination, however, any use must be compatible with the adjacent spa. Practical features include a convenient loading dock, ample parking to accommodate a large number of vehicles, and elevator access to the second floor, ensuring ease of access and operation for any business. This prime location in Alexandria offers significant potential for a savvy investor or business owner seeking a unique and versatile property. The property is currently available for lease. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $39,762,328

  6.5%

  $36,703,688

  7%

  $34,081,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,696,326

  Geo Method

  $25,696,326

• Alternative Use

  Use

  Valuation

  Residential

  $45,512,572

  Hospitality

  $41,689,272

  Educational

  $34,684,984

  Medical

  $35,877,856

  Retail

  $53,954,420

Location Insight

City

Alexandria

County

Fairfax

State

Virginia

Latitude

38.7965

Longitude

-77.1602

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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